The market rebounded quickly and exceeded 70,000. Rapid rise and slow fall are not a good sign.

March 26, 2024 Grandpa clocked in

Bitcoin once again rose above 70,000, and the market seemed relatively calm. This wave of rise was a bit fast and unexpected. In addition to the rapid price increase, another reason was the relatively independent market of Bitcoin. Even the exchange rate of Ethereum remained at a low level of 0.05. Although Ethereum failed to follow the rise, it became a safer target to chase the rise from the market point of view. In addition, mainstream and copycats can chase some strong ones, such as TON, which I mentioned yesterday. Due to the recent local dog market in the ecosystem, it has already pulled up. If Bitcoin can maintain near 70,000, the market will definitely continue to rise.

Yesterday I mentioned that we can buy back the chips that have been reduced at a high level in batches. At present, if it is a big pie, we will definitely not receive much. Others can continue to buy back the ones with price differences. We are in a bull market, and the market has taken the lead in breaking through, so there is no need to be afraid of being trapped in the short term. However, special attention needs to be paid to ensuring that this part of the chips has a price difference and is as short-term as possible. The rapid rise of this wave of big pie, although it directly breaks through 70,000, is a bad signal in my opinion.

Generally speaking, the bull market will have a characteristic in the later stage, which is rapid rise and slow fall, which can be regarded as one of the signals for the main shipment. In the bull market, the chips are relatively concentrated. The market confidence is high and the FOMO sentiment is high, which leads to the reluctance to sell chips. It is easier to pull the market. As long as the main force exerts a little force, it can quickly pull the market. The reason for the slow decline is that the main force takes advantage of the sufficient buying and bargain hunting funds. Ship when there is a large influx. On the contrary, in a bear market, there is a slow decline and long-term sideways fluctuations. The main force keeps buying everyone's chips, and then causes panic through rapid decline. Due to the lack of liquidity in the bear market, only a small amount of chips is needed to achieve the goal.

Of course, this rapid rise and slow fall only occurred once, and even if the goods are actually shipped, it may not immediately cause the market to plummet, but this signal is still worth reference. In addition, this wave of big pie once again stood at 70,000, which failed to drive the general rise of the market. The previous high was 73,000. In the short term, we can wait for another wave. If we really continue to bullish, it will still break through to above 75,000. Let's continue to leave some. chips. In addition, the bull market requires more other operations, such as launching new products, and deepening the ecology. The recent Merlin and Blast can all be focused on.

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